Ensuring a smooth inheritance
It may sound like you are getting a windfall when you inherit a property but the process is not as simple as you may think.
In Depth
PR1MA’s new measures to aid home ownership
IT is only the second month into 2017, but Perbadanan PR1MA has already announced policy changes and introduced a special financing scheme for its 1Malaysia People’s Housing (PR1MA) programme in order to “enable more people to own a house under the programme,” it had said.
Inorganic growth is Al-Salam’s key catalyst
Having Johor Corp as a strong sponsor provides Al-Salam Real Estate Investment Trust with a good potential to grow inorganically.
Sunway REIT 6MFY2017 core net income within estimates
Net property income of the retail division climbed 10.9% y-o-y to RM142.3 million as Sunway Pyramid Shopping Mall, Sunway Carnival and Sunway Putra Mall contributed higher rental income.
A good start to FY2017 for Kuala Lumpur Kepong
Year on year, 1QFY2017 core net profit increased by 83.3% to RM341.1 million, boosted mainly by higher plantation earnings (which in turn were driven by higher palm product prices) and better performance at the property and farming divisions.
‘PR1MA scheme has minimal impact on banks’
On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.
What can you get for S$1 mil in the prime districts?
Value hunters are spoilt for choice when it comes to house-hunting in the prime residential districts. A total of 42 transactions in the S$900,000-to-S$1.1 million range were recorded in prime Districts 1, 2, 9, 10 and 11 from October 2016 to January to date. These transactions were mainly for units of 420 to 861 sq ft.
HSL’s two major jobs to kick off in 2017
2016 saw two sizeable job wins which lifted Hock Seng Lee Bhd’s (HSL) outstanding order book to a record RM2.2 billion. Physical construction has, however, been slow, and is expected to progress meaningfully only in 2017.
Knight Frank Singapore bracing for the next lap
In December, Knight Frank Singapore relocated from its office on the 30th floor of Hong Leong Building. As it had been a tenant there for 30 years, the move was captured on video and uploaded to YouTube on Jan 11. Twin sisters and receptionists, Anne and Irene Law, who have welcomed visitors to the Knight Frank Singapore office for a decade, shed tears as they left the premises.
Prices not likely to move much this year
The residential market in Greater KL is expected to remain the same for the next six months to one year, with few changes in transacted prices.
